the-housing-authority-of-the-city-of-pittsburghmeeting-minutes2024-11-21_a4b.pdf
HACP Commits $3.8M to Beacon Communities First & Market Project
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Description
The Housing Authority of the City of Pittsburgh board authorized a commitment up to $3.8 million in MTW gap financing for Beacon Communities, LLC for the First & Market office-to-housing conversion. The loan supports development of 93 affordable senior units.
Contract Details
Contract Amount
Not to exceed $3,800,000 (gap financing commitment)
Vendor
BEACON COMMUNITIES LLC
Agency
The Housing Authority of the city of Picayune, MS
Contract Type
FINANCIAL_SERVICES
Document Date
November 21, 2024
Renewal Info
Contingent on HUD final approval; financing to be structured as loan via ARMDC to the project owner entity; repaid through project cash flow.
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AWARDEDIssuing Agency
The Housing Authority of the city of Picayune
Local Housing Authority
Picayune, MS
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